Little River, SC Cost of Living

Little River cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

A general summary of the cost of living index in Little River, SC is shown above. Compared to the state average of South Carolina the cost of living index in Little River, SC is 99, which is 4% higher than the average in South Carolina and compared to the national average it is 1% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Little River, SC goods and services come in at 3% lower than the average in South Carolina and are 2% lower than compared to the nationwide average.

Did you know?

The cost of living in Little River is 4% higher than the South Carolina average.

The cost of living in Little River is 1% lower than the national average.

The cost of housing in Little River is 6% lower than the national average.

South Carolina general sales tax is 18% higher than the national average.

South Carolina state income tax is 100% lower than the national average.

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Compare Little River, SC Cost of living To Other Cities

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Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

Use the salary calculator to compare your current salary in Little River, SC to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Little River, SC, then you would need to earn more income in order to maintain the same standard of living. To use the Little River, SC salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$54,189

$4,516

$1,264

$1,626

Renters

$21,995

$1,833

$513

$660

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Little River, SC as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Little River, SC homeowners, is $54,189. This would allow for a maximum of $1,264 per month to be spent on housing costs. For renters, the median monthly income is $21,995 which would result in a maximum of $513 to be spent on rental costs.

South Carolina Sales Tax

State

General Sales Tax

With Max Surtax

South Carolina

6%

9%

South Carolina Income Tax

State

Income Tax (Low)

Income Tax (High)

South Carolina

0%

7%

When you are determining the total cost of living in Little River, SC you will want to make sure you consider both the South Carolina sales tax and the South Carolina income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in South Carolina is 6%, with the highest surtax being 9%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in South Carolina have a range from 0% to 7%.

Goods & Services

Item

Little River

National avg.

Difference

Haircut

$13.60

$14.59

6.8%

Beauty Salon

$40.20

$34.68

15.9%

Toothpaste

$2.52

$2.47

1.9%

Shampoo

$1.07

$1.02

4.7%

Movie

$8.50

$9.87

13.9%

Bowling

$3.36

$4.39

23.5%

Groceries

Item

Little River

National avg.

Difference

Ground Beef

$4.19

$4.48

6.4%

Fried Chicken

$1.45

$1.46

1.0%

Milk

$2.79

$2.36

18.4%

Potatoes

$3.19

$3.06

4.2%

Pizza

$9.25

$9.24

0.1%

Beer

$8.43

$8.63

2.3%

Health Care

Item

Little River

National avg.

Difference

Optometrist

$93.20

$99.78

6.6%

Doctor

$102.00

$105.03

2.9%

Dentist

$81.20

$88.70

8.5%

Ibuprofen

$9.64

$9.41

2.4%

Lipitor

$316.28

$298.50

6.0%

Housing

Item

Little River

National avg.

Difference

Home Price

$169,500.00

$175,700.00

3.5%

Avg. Mortgage Payment

$740.74

$1,081.03

31.5%

Apartment Rent

$814.00

$920.00

11.5%

Transportation

Item

Little River

National avg.

Difference

Gasoline

$2.06

$2.09

1.7%

Tire Balancing

$46.39

$45.29

2.4%

Utilities

Item

Little River

National avg.

Difference

All Electricity

$224.88

$170.80

31.7%

Phone

$26.14

$28.26

7.5%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.